banner_ad

DEDUCTION UNDER 80CCG

CA Final 254 views 3 replies
if individual has contributed in 80ccg in AY 17-18 whose gti is less than 12 lakhs ...will deduction will be given in AY 18-19
Replies (3)
yes, provided all other conditions are also satisfied for AY 18-19 and 19-20. But a new retail investor making investment after ay 17-18 is not eligible for thus deduction.
what are other conditions to be satisfied
1.assessee should be new retail investor

2.GTI should be up to 12 lakh

3.He can claim this deduction for three consecutive years

4.investment is locked in for 3 years

5.no new retail investor shall be no new retail investor shall be eligible for ay 2018-2019 however an assessee claiming deduction under this section for ay 2017-18 and earlier assessment years shall be allowed deduction under this section till the assessment year 2019 20 if he is otherwise eligible to claim deduction as per the provisions of this section.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details